Hello everyone, we are Ina and Philipp. We both want to take the next step and build our own home.
We are intentionally moving away from the big city back to the countryside (Ina comes from a rural area). Perhaps some of you remember we have posted here before and shared some bad experiences with looking for land. Thanks to your advice, we quickly figured out what to watch out for. We want to actively share our journey toward homeownership here and are grateful for any tips and tricks.
What is the current status?
We are currently in contact with an owner (over 70 years old) of a plot of land who is willing to sell us 1,400 square meters (15,070 square feet) for 50,000 euros. All utility connections except for gas are already available at the site. The land is currently farmed as agricultural land. The plot is located next to a low-traffic federal road.
Yesterday, we spoke with potential neighbors. They also bought from this gentleman in 2011 and are still very satisfied with the quality of living and housing in the area. The neighbors were in the same situation back then—the land was also used as farmland.
Next Tuesday, we have an appointment with the bank. We will discuss whether to finance the land or possibly pay in cash. The advisor told us on the phone yesterday that we should generally consider paying for the land in cash rather than financing it.
If everything goes well, we will call the owner on Tuesday and hopefully tell him that we want to buy the land. He said yesterday he would then send us all the documents.
We have a specific idea we want to realize: a bungalow (the neighbor’s house is already a bungalow) modeled after a Swedish-style home.
Currently open questions:
Do you already have any advice on what we should pay attention to?
I (Philipp) have some doubts and would prefer to finance the land because the €50,000 should serve as equity/reserve for building the house.
There is a sewage access point right at the edge of the property. The owner said—if I understood correctly—that he would also talk to the water utility company to see if we would not have to buy that part of the land.
Thank you very much for reading this far. We wish you a nice weekend and will continue to report here openly and regularly. We appreciate any feedback or suggestions on things we can clarify early on.
We are intentionally moving away from the big city back to the countryside (Ina comes from a rural area). Perhaps some of you remember we have posted here before and shared some bad experiences with looking for land. Thanks to your advice, we quickly figured out what to watch out for. We want to actively share our journey toward homeownership here and are grateful for any tips and tricks.
What is the current status?
We are currently in contact with an owner (over 70 years old) of a plot of land who is willing to sell us 1,400 square meters (15,070 square feet) for 50,000 euros. All utility connections except for gas are already available at the site. The land is currently farmed as agricultural land. The plot is located next to a low-traffic federal road.
Yesterday, we spoke with potential neighbors. They also bought from this gentleman in 2011 and are still very satisfied with the quality of living and housing in the area. The neighbors were in the same situation back then—the land was also used as farmland.
Next Tuesday, we have an appointment with the bank. We will discuss whether to finance the land or possibly pay in cash. The advisor told us on the phone yesterday that we should generally consider paying for the land in cash rather than financing it.
If everything goes well, we will call the owner on Tuesday and hopefully tell him that we want to buy the land. He said yesterday he would then send us all the documents.
We have a specific idea we want to realize: a bungalow (the neighbor’s house is already a bungalow) modeled after a Swedish-style home.
Currently open questions:
Do you already have any advice on what we should pay attention to?
I (Philipp) have some doubts and would prefer to finance the land because the €50,000 should serve as equity/reserve for building the house.
There is a sewage access point right at the edge of the property. The owner said—if I understood correctly—that he would also talk to the water utility company to see if we would not have to buy that part of the land.
Thank you very much for reading this far. We wish you a nice weekend and will continue to report here openly and regularly. We appreciate any feedback or suggestions on things we can clarify early on.
P
philipp199027 Aug 2019 17:50kaho674 schrieb:
Oh, that sounds (too) little. How many people will be living in the house? We are planning for 4 if we have 2 children.
Zaba12 schrieb:
First, clarify the land situation. Development costs are generally not insignificant, and I don’t just mean the 10,000€ from the street to the house. That’s true, I forgot about that. I spoke with the neighbor, who will give me information tomorrow about the development costs—what, how much, and to whom he paid.
According to the city, the neighbor, and the owner, there is an additional zoning regulation. According to the owner, it states that the rear property line must align with the neighbor’s.
On Thursday, I expect to receive confirmation from the city regarding this.
If the house doesn’t work out for now, we will buy only the land and then build more equity. We might move in later, perhaps in 2 years instead of the planned 1 year.
philipp1990 schrieb:
We are considering a bungalow. Does anyone have recommendations for bungalows with a turnkey price around 250,000€? Preferably timber construction, not masonry. Wow, 100m² (1,076 sq ft) without a basement for four people. That will be quite a small home.
@philipp1990 How about starting a new thread:
Ina & Philipp buy an existing home. 
philipp1990 schrieb:
Does anyone have recommendations for bungalows with a turnkey price around 250,000€? Preferably timber construction rather than solid/masonry. Construction method: It’s always best to explain your preferences so that other participants can understand your reasons and possibly suggest alternative approaches that might be more suitable, or identify understandable motives that may be based on incorrect assumptions. House design: My recommendation is clearly not to limit yourself too much, especially with a modest budget.https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
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